Key Developments: VMware Inc (VMW)
76.85USD
20 May 2013
$-2.10 (-2.66%)
$78.95
$78.60
$78.92
$75.75
2,122,975
2,538,971
$103.05
$70.05
Latest Key Developments (Source: Significant Developments)
VMware Inc Issues Q2 2013 Revenue Guidance Below Analysts' Estimates; Issues FY 2013 Revenue Guidance In Line With Analysts' Estimates
VMware Inc announced that for second quarter of 2013, it expects total revenues to be in the range of $1.21 billion to $1.24 billion, an increase of approximately 8% to 10% from the second quarter of 2012. Second quarter license revenues are expected to be between $515 million and $535 million. For fiscal 2013, it expects revenues to be in the range of $5.12 billion to $5.24 billion, an increase of approximately 11% to 14% from 2012, and annual license revenues are expected to grow approximately 6% to 9%. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report revenues of $1.25 billion for second quarter of 2013 and revenue of $5.21 billion for fiscal 2013. Full Article
Cisco Systems Inc, International Business Machines Corp, VMware Inc And Others Team Up On New Technology Project-Reuters
Reuters reported that Cisco Systems Inc, International Business Machines Corp (IBM) and Citrix Systems Inc have joined forces with other tech companies in a consortium to kickstart the corporate market for software-defined networking (SDN), aimed at making network management easier and cheaper. Other members of the development platform called OpenDaylight include Juniper Networks, Inc., VMware Inc, Microsoft Corp, Red Hat, Inc., Intel Corp and Brocade Communications Systems Inc as well as privately held Big Switch Networks and Arista Networks. Each member will contribute technology such as code to the project in an effort to share the costs of basic research and development, and enable products from different vendors to work together. Vendors will still be able to customize their offerings to differentiate themselves from rivals. The SDN market is still considered nascent, but is expected to grow to $3.7 billion by 2016 from an estimated $360 million this year, according to research firm IDC. The first code from OpenDaylight is expected to be released in the third quarter of this year. Full Article
VMware Inc Reaffirms Q1 2013 Revenue Guidance; Issues Q1 2013 EPS Guidance Below Analysts' Estimates
VMware Inc announced that for the first quarter 2013, it expects revenues to increase between approximately 9% and 13% over the prior year period and net income to be between $0.55 and $0.58 per diluted share. The Company reported revenues of $1.055 billion in the first quarter of 2012. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report revenues of $1.185 billion and EPS of $0.68 for the first quarter of 2013. Full Article
VCE and VMware Inc Extend Partnership to Jointly Develop, Sell and Deliver Vblock Cloud Management and Orchestration
VCE, is in converged cloud infrastructure systems and VMware Inc announced an expanded development partnership that will allow Vblock customers to experience seamless integration between VMware's portfolio of Cloud Management Solutions and VCE's Vblock Systems. The two companies will integrate technologies to enhance service provisioning, operations management and business management with the Vblock Systems Portfolio. In addition to VMware vSphere and vCenter Server, VCE will OEM vCenter Operations Manager, which will be integrated with VCE's newly announced VCE Vision Intelligent Operations software. Based upon joint development activities underway since early 2012, VCE is announcing native integration of its VCE Vision Intelligent Operations software into two key VMware virtualization management technologies: VMware vCenter Operations; VMware vCenter Server. In addition to the capabilities announced the two companies will be jointly developing, marketing and selling expanded integrations into the entire portfolio of VMware virtualization and cloud management solutions with Vblock Systems. This includes plans to integrate VCE Vision Intelligent Operations with VMware vCloud Automation Center, VMware vCloud Suite, and IT Business Management solutions. Full Article
VMware Inc to Acquire Virsto Software
VMware Inc announced it has signed a definitive agreement to acquire Virsto Software, a Sunnyvale, Calif.-based provider of software that optimizes storage performance and utilization in virtual environments. Terms of the acquisition were not disclosed. The acquisition is scheduled to close in the first quarter of 2013 subject to customary closing conditions. Full Article
VMware Inc To Cut Jobs-Reuters
Reuters reported that VMware Inc plans to cut about 7% of its workforce as part of a restructuring. Chief Financial Officer Jonathan Chadwick said that strategy included shifting some people to new roles as well as cutting 900 jobs, resulting in a charge of $90 million to $110 million. Most of that would be taken in the first quarter, he said. Full Article
VMware Inc Issues FY, Q1 2013 Revenue Guidance Below Analysts' Estimates
VMware Inc announced that fiscal 2013 total revenues are expected to be in the range of $5.230 billion to $5.350 billion and first quarter 2013 total revenues are expected to be in the range of $1.170 billion to $1.190 billion. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report revenues of $5.422 billion for fiscal 2013 and revenues of $1.253 billion for the first quarter of 2013. Full Article
Emc Corp, VMware Inc To Merge Data And Cloud App Assets Into New Group-Reuters
Reuters reported that Emc Corp and its publicly-traded subsidiary, software maker VMware Inc, are planning to merge their data analytics and cloud application assets. The companies expect to combine a number of divisions into the new group, called the Pivotal Initiative - by the second quarter of 2013 and said the specific operational structure will be determined then. The companies will provide an update on the details of the plans in the first quarter of next year, EMC said. The move will combine EMC's data analytics division Greenplum and its Pivotal Labs group with VMware's vFabric, SpringSource and Gemstone units as well VMware's data analytics company Cetas and CloudFoundry, a cloud computing platform as a service. This will affect about 600 employees from VMware and 800 employees from EMC. Full Article
Hitachi Ltd And VMware Inc Expands Strategic Partnership
Hitachi Ltd and VMware Inc announced the expansion of their strategic partnership to accelerate the deployment of reliable and trusted hybrid cloud solutions. As part of this partnership expansion, Hitachi plans to join the VMware vCloud Datacenter Services program. Full Article
Cisco Systems Inc and VMware Inc Expand Strategic Partnership to Deliver Next Cloud Infrastructures
Cisco Systems Inc and VMware Inc announced they plan to expand their strategic partnership to include integrated products and solutions aimed at delivering the software defined datacenter. This partnership expansion will be highlighted by an investment in dedicated engineering teams collaborating on deeper integrations across the VMware cloud infrastructure and management stacks and Cisco's Data Center Networking and Fabric Computing platforms. The companies' investment in joint dedicated engineering teams will represent a new level of collaboration which will enable the software defined datacenter through unprecedented coupling of virtual and physical infrastructure. Cisco and VMware will make joint engineering investments to develop technology integration initiatives, which will launch a new set of solutions designed to provide customers unprecedented levels of agile compute and network services, workload and workspace mobility, end-to-end visibility, and ease of troubleshooting across their physical and virtual infrastructures. To support customer demand and choice, VMware will integrate the Cisco . Full Article
VMware forecasts second-quarter revenue below estimates, shares fall
- Cloud computing software maker VMware Inc forecast current-quarter revenue that fell short of analysts' estimates, sending its shares down 7 percent in extended trading.
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